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Luno plans to cut about 20% of its global workforce and will expand its institutional business

2026-07-28 12:21
Odaily Planet Daily News: Luno, the cryptocurrency exchange under Digital Currency Group, plans to lay off about 20% of its global employees to advance business restructuring and control costs. Luno CEO James Lanigan stated that the company will expand its B2B business and continue to invest in institutional clients, core infrastructure, compliance, and retail products. Luno currently has approximately 16 million users in Africa and the Asia-Pacific region and is opening up its liquidity, wallet, and compliance capabilities to banks, fintech companies, and telecom enterprises, enabling partners to offer crypto services under their own brands. The company also plans to advance non-USD stablecoin infrastructure in emerging markets.
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